Leaders with Welltower (NYSE: WELL) believe the company is positioned to create and seize opportunities in the years ahead, thanks to a major new joint venture and a restructured senior housing portfolio. On Thursday, the real estate investment trust (REIT) and a nonprofit health system, ProMedica, closed on a joint venture deal valued at $4.4 […]
Welltower Inc. (NYSE: WELL), one of the largest owners of senior housing properties in the United States, has reached an agreement to acquire another major player in the sector, Quality Care Properties (NYSE: QCP), in a $1.95 billion all-cash deal. Under this deal, Welltower will own the real estate of major post-acute provider and former […]
Mike McKee, current executive board chairman and former interim CEO of HCP Inc. (NYSE: HCP), will be retiring, the real estate investment trust (REIT) announced Monday. McKee, who joined HCP’s board in 1989, will step down from the executive chairman role effective March 1. He will remain with the Irvine, California-based company in a consulting […]
Quality Care Properties (NYSE: QCP) — the real estate investment trust that spun off from HCP Inc. (NYSE: HCP) last year — has started the legal process for transferring its many HCR ManorCare skilled nursing, assisted living, and memory care properties into the control of an independent receiver. Toledo, Ohio-based ManorCare operates more than 500 skilled […]
